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Featured local agent — Cadillac, MI
Sarah Mitchell
Compass Real Estate · Cadillac, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Cadillac, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$180,000median sale price
How is the Cadillac, MI housing market right now?
The median home sale price in Cadillac, MI is $180,000, down 2.6% year-over-year. Homes sell in an average of 65 days with 57 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Cadillac a buyer's or seller's market?
Cadillac, MI is currently a balanced market, based on 3.6 months of supply and homes selling in about 65 days. How we determine this →
Homes sold
16
Last 12 weeks
Days on market
65
Average pace
Active listings
57
3.6 months supply
Sale-to-list
98.4%
Below asking
What does the Cadillac housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $180,000 |
| Median list price | $207,500 |
| Year-over-year price change | -2.6% |
| Average days on market | 65 days |
| Active inventory | 57 listings |
| Months of supply | 3.6 months |
| Sale-to-list price ratio | 98.4% |
| Median price per sq ft | $137/sq ft |
| Homes sold (latest month) | 16 |
| New listings (latest month) | 30 |
| Listings with a price cut | 21.1% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Cadillac by property type?
How the Cadillac, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $180,000 | $130/sq ft | 15 | 69 days |
| Condo / Co-op | $250,000 | $242/sq ft | 1 | 15 days |
Source: Redfin · Updated monthly
The Cadillac housing market is currently classified as a balanced market with a median sale price of $180,000. Prices have fallen 2.6% compared to last year, with homes spending an average of 65 days on market, indicating 3.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.8x provides context for how home values compare to local earning capacity.
Homes for sale in Cadillac
There are currently 57 homes listed for sale in Cadillac, Michigan. The median listing price is $208K.
Active listings
57
Homes on market
Median list price
$208K
Avg. days on market
65
Days until sale
New this week
30
Newly listed
Who lives in Cadillac?
Population
10,404
Median income
$50,512/yr
Median age
40.4 years
Owner-occupied
68.3%
College grads
22.1%
Avg commute
12.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Cadillac?
Zillow home value
$241,400
Price-to-income
4.8x
Source: Zillow Research
What is it like to live in Cadillac?
Cadillac is a community of approximately 10K residents with a median age of 40.4 years.The median household income is $50,512, which represents a working-class community with solid middle-income opportunities. 22.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 68.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 12.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Cadillac offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Cadillac?
7 schools tracked · 2,903 students
The largest public schools serving Cadillac, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Cadillac Senior High School
Grades 9-12 · 884 students
Mackinaw Trail Middle School
Grades 6-8 · 710 students
Franklin Elementary School
Grades PK-5 · 584 students
Lincoln Elementary School
Grades K-5 · 489 students
Cadillac Innovation High School
Grades 9-12 · 154 students
WexfordMissaukee ISD Special Education
Grades PK-12 · 82 students
WexfordMissaukee ISD Career Center
Grades 9-12
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Cadillac, MI?
Want a head-to-head view? Compare Cadillac side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Cadillac?
The median home sale price in Cadillac is $180,000, down 2.6% from last year.
How long do homes stay on market in Cadillac?
Homes typically spend 65 days on market before going under contract.
What is the median income in Cadillac?
The median household income is $50,512 per year.
Is Cadillac a buyer's or seller's market?
With 3.6 months of supply, Cadillac is currently a balanced market.
What is the Zillow home value estimate for Cadillac?
The Zillow Home Value Index (ZHVI) for Cadillac is $241,400, representing the typical home value in the area.
What is the median condo price in Cadillac?
The median condo/co-op sale price in Cadillac, MI is $250,000, compared to $180,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Cadillac?
The median single-family home price in Cadillac, MI is $180,000 (about $130 per square foot).
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